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economy that we're in today, and that is that these heavy deficits have killed exports and are swamping the nation with cheap imports. we are now $120 billion of imports, 3 million jobs lost, and farmers are having their worst year. that's another reason to get the deficit down. >> mr. mondale, is it possible that the vast majority of americans who appear to be prosperous have lost interest in the kinds of programs you're discussing to help those less privileged than they are? >> i think the american people want to make certain that that dollar is wisely spent. i think they stand for civil rights. i know they're all for education in science and training, which i strongly support. they want these young people to have a chance to get jobs and the rest. i think the business community wants to get involved. i think they're asking for new and creative ways to try to reach it with everyone involved. i think that's part of it. i think also that the american people want a balanced program that gives us long-term growth so that they're not having to take money that's desperate to themselves and
said you would cut the deficit in half, it's four years later. >> the way we do it is $2.50 for every cut. we ask for $1 additional revenue. pay for by asking those of us who have done well to contribute more to reduce the deficit. >> reporter: the president insisted romney would spend $5 million. >> math, common sense and history shows it's not a recipe of job growth. >> everything he said about my plan is inaccurate. >> reporter: medicare -- >> cutting from medicare to balance the additional cost of obama care is a mistake. >> if you repeal obama care, and i have become fond of this term, obama care, if you repeal it, those seniors are going to pay more for prescriptions. >> reporter: the exchange over health care and jobs. >> i don't know how the president could come into office facing 23 million people out of work, economic crisis at the kitchen table and fight for obama care instead of fighting for jobs for the american people. >> we did work on this alongside working on jobs. this is part of making sure middle class families are secure. >> romney challenging his to se exchange h
trillion a tax cut. what i have said is i won't put in place a tax cut that adds to the deficit. middle-income americans have seen their income come down by $4,300. this is a tax in and of itself. i'll call it the economy tax. it's been crushing. >> question. why did president obama seem thrown off balance? did he underestimate governor romney, pat buchanan? >> he certainly d. governor romney performed better on substance than any candidate in any presidential debate in history. reagan would have beaten him in style in 1980 but on substance i've never seen anybody better prepared than governor romney. he was on of fence. the real question, why did barack obama, the president, do so badly. john, he didn't come prepared for what he found there. he seemed difident, almost disinterested, sour. when they had the two pictures together he was looking down at his notes and the governor was talking to him as if he was lecturing him. some say he's lost his enthusiasm for the battle. he looked like he was weary of the job. i think it may have been something to do with him having been out on the ro
of the fed. certainly fed jim bernanke and a big hawk about our deficit. good to have you on the program. >> thank you, maria. good to be with you. >> what are you expecting? do you think governor romney comes out swinging right off the bat? what do you think he is going to be pressured and asked about in terms of specifics on his economic plan? >> overall i don't expect a whole lot of specifics from either one. in the last several weeks the whole of the discussion has been on debate techniques and who's going to make the biggest gaffe. hopefully they'll get to the bottom of it. but i don't know if they'll get around to what i consider the biggest financial issues, the debt crisis that we have. and what are they going to do about it. and how do they relate to the federal reserve. say we can't have much to do with it. let the fed monetize the debt and go on and on? i have not heard from either one of them actually cutting something. so i'm afraid the important issue of the financial crisis that we're in the middle of is going to get worse. my prediction is they won't really deal with it t
. romney came out swinging as the candidates argued tax policy, budget deficit and health care and looks like the aggressive approach may have paid off for the republican challenger. a poll shows romney made strides. we go to denver first. >> reporter: terrell, good morning. seems like mitt romney may have received that boost he was hoping for after putting the president on the defensive for much of the night. romney lauded his own accomplishments as governor of to highlight the failed promises of the obama administration. the first presidential debate started with a hand shake and a romantic moment. >> 20 years ago i became the luckyiest man onarth because michelle obama agreed to married me. >> congratulations. >> reporter: that was the last touching moment of the night. >> everything he said about my tax plan is inaccurate. the tax plan he described is the tax plan i was asked to support i would say absolutely not. >> he's been running on this tax plan, and now five weeks before the election he's saying that his big bold idea is never mind. >> reporter: the theme of the debate for pre
to handle the economy, mr. romney leads by three. on the deficit, mr. romney leads by nine. on all of these issues, that's the one on which he has the strongest trust from voters as compared with president obama. and that confidence in mr. romney on the deficit turns up not just in the nbc/"wall street journal" poll, but in a lot of national polls. even though he hasn't given a lot of details as to how he would handle the deficit as an issue. the bottom line, there's no question as to who you would rather be here, right? you would rather be president obama than mitt romney looking at these numbers. that plus 19 advantage that the president has on looking out for the middle class, that is a death nail for mr. romney's campaign if he cannot turn that around. but i think looking ahead to tonight's debate, there is a real opportunity in the huge disconnect in the electorate, in a way that reflects a real risk for president obama. there's this huge disconnect between mr. obama's best number with voters and one of his worst numbers. which is that president obama has so far not been able
a record deficit when he came into office. >> does it work to keep talking about what happened before? >> only to put in context of where he wants to take the country. we were handed a record debt. record deficit when we walked in because of two wars that weren't paid for, two tax cuts that weren't paid for. because of the economic crisis we had to take emergency action. he would do that same thing today. we saved millions of american families from the severe -- most severe economic crisis we've seen in our life times. now the president cut a trillion dollars and he has a plan to do more, a $4 trillion deficit reduction plan. the only person on that stage tonight with a real deficit reduction plan scored by the cbo, you know, scored by independent economists is barack obama. mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mitt romney will actually take action to redaus the deficit. >> taxes, this wee
the deficit or burdening the middle class. it's math. it's arithmetic. >> you heard that line from the president a couple times about math. post game reaction over the spin alley behind you. david axel dgs rod said romney is a good debateor but it's not a game changer z saying if this was a game the ref would have called it. there you have it. both sides weighing in on what you're going see. >> just to give you a shot of what we're seeing this is david axel rod. if we take this camera, you can see they're gathered around and he's talking about the debate. and is saying it's not a game changer. clearly the obama campaign, you know, were trying to spin their way on this one. and it's interesting night, and governor romney clearly had a good night by all accounts. even the obama folks and we'll see where it goes from here. >> and you'll be able to tell by who breaks a sweat behind you. >> that is right. and that is it for us here live in denver. and first, it's just the first. there are many more still to come. >> vice presidential debate coming up thursday, thanks for watching. >> we
paying e bill. and so i have a different approach. i believe 9 way to get the deficit down is to control the growth of mandatory spending programs and not raise taxes on the american people. you got a big difference there. >> mr. perot, one minute. >> we got to have a expanding job base to give is a growing expanded tax base. we have a deteriorating job base. we have got to really rebuild our job base. th's going to take mone for infrastur to do that. our competitors are doing that. we are not. we cannot pay off the $4 trillion debt, ance the debt and have the industries of the future, without the revenue. we will go through a period of shared sacrifice. there is one challenge. it has got to be fair. we have created a mess and don't have much to show for it and got to fix it. that's aboutall i casay in a minute. ay. the next question goes to president bush for a two-minute answer and it will be asked by sandy vanocur. >> mr. president, your secretary of the army this week said he had no plans to abide by a congressional mandate to cut u.s. forces in europe from 150 to $100,000 by the end
's not possible to come up with enough loopholes for individuals to avoid raising the deficit or burdening the middle class. >> there will be no tax cut that adds to the deficit. >> i will take ideas from anybody, democrat or republican as long as they are advancing the cause of making middle class families stronger and giving opportunities to middle class. >> i have got five boys. i'm used to people saying something that not always true but repeating it hoping i will believe it. i will not reduce the taxes paid by high income americans. >> we do better when the middle class is doing well. by giving them those tax cuts they have more money in their pocket so maybe they can buy a new car. >> under the president's tax policies middle americans have been buried. they have been crushed. martha: joe biden had a bit of a gaffe using that same line and mitt romney put it back at him last night. candidates will barely have time to catch their breath. they get back on the campaign trail today. the president will be in colorado and wisconsin. the romney camp moves along to the swing state of virgini
deficit. they have to deal with the deficit. but once you're done with the deficit you have to rebuild the middle class in this country and nobody is paying much attention to that. we have a lot of rhetoric in the campaign but-- >> but the necessary done to help the middle class is to nail down the fiscal issues. if we don't nail down the fiscal issues, i don't think anything will matter. >> but i'm with you, i think it will happen because of necessity, because of the fiscal cliff. >> what it will take to rebuild the middle class? >> it's taken three decades to basically decimate the middle class. it will take something like that to rebuild it. but we have to be dedicated to that. we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i thi
fought our way out of these deficits and the last 12 years when we have gone from 4 trillion dollars in debt to 16 trillion dollars today? >> i am glad you mentioned that number. it is going to cause a huge problem. if you have cancer you do not wait until it is over your whole body. get all of these things, really explain the problem, and hopefully we will get people to deal intelligently with the problem. your wife he ran on fiscal responsibility in washington, declining trust in government, in addition to nafta. the truth is we are much worse on all of those issues today than we were in 1992. gooif you look back at 1992, in part because of the world ross , they did several things. impose budget controls and taxes when they thought they were responsible. they did the right thing for the country. president bush 43 -- his term is over. whoever the next president is needs to change course, because if we do not, the problems of europe could have here. >> we are going to talk about some of these issues of 9-11 and the war and the health -- in the tax cuts of 1998, but let me take you ba
, without increasing the deficit. now to president obama's claim that he'd only raise taxes on upper income people to where they were under president clinton. >> i have said that for incomes over $250,000 a year, that we should go back to the rates that we had when bill clinton was president, when we created 23 million new jobs. >> what president obama is leaving out there is that there are new taxes in the health care law, specifically that would target high-income earners. in fact, they would be paying a higher rate than they did under president clinton. >> reporter: finally, governor romney on the deficit under the obama administration -- >> the president said he'd cut the deficit in half. unfortunately, he doubled it. trillion-dollar deficits for the last four years. >> when romney accuses the president of doubling a deficit, he's stretching the truth a bit. obama inherited a $1.2 trillion deficit when he came into office. you in the president increased that to $1.4 trillion deficit, but the deficits have stayed just under that. they've stayed very high, but they've been just under that
. >> another hot topic, the deficit. >> it's now four years later, we still have trillion dollar defici deficits. >> $2.50 for every cut, we ask for a dollar of additional revenue paid for as i indicated earlier by asking those of us who have done very well in this country to contribute a little bit more to reduce the deficit. >> there were also some notable exchanges about jobs, health care, energy industry subsidies and regulation, all of these things got deeper than some people had been expecting. we'll talk about those topics with john harwood. but if you were watching, as they headed in a 70% -- >> down from 80 the day before. >> right now it's down to about 66% in trade obviously suggesting romney got a big boost. >> mini flash crash. >> among our political guests this morning ready to talk about the road to election today, arianna huffington will be our guest host. huffington "post" obviously has a left bent, but it was declaring romney won the debate. ken duberstein will join us, as well. >> i was reading some of your tweets last night, john, and i liked your tweet. i tell you w
raising the deficit or burden evening the middle class, it's math, it's arithmetic. jon: today it's back to the campaign trail. mr. obama in denver, and then to wisconsin. governor romney is in virginia where the most recent "real clear politics" average shows president obama leading with 47% of the vote, governor romney with 44. virginia has 13 electoral votes up for grabs. that's where john roberts is right now, live in fisher'sville, virginia. what is the event going on there today, john. >> country music star trace atkins will be joining governor romney and his running nature at 6:45 on stage. president obama won this state by six in 2008. governor romney trailing in the polls currently hoping to use his debate performance to narrow the gap. it was the first time the two candidates were on stage face-to-face, a chance for governor romney to one-on-one answer allegations that the obama campaign has been firing his way. one of them over this idea that governor romney is trying to implement a $5 trillion tax cut for the rich. he repeatedly answered that question for president until it f
into record deficits under george bush is because we put two wars and two tax cuts on a credit card. and now governor romney wants another $5 trillion in tax cuts that he can't pay for? not if i have anything to say about it. that's not going to happen. [applause] we are not going to let this country fall backward. not now. not with so much at stake. we've got to move forward. we need to invest in small business and manufacturers who create jobs here in the united states. we need to recruit 100,000 math and science teachers, train two million workers at community college, bring down the cost of college tuition. we need to -- [cheers and applause] we need to cut our oil imports in half. create thousands more jobs in clean energy. we need to use the savings from ending the wars in iraq and afghanistan to help pay down our deficit and put people back to work doing some nation building right here at home. that's the agenda we need. that's how you strengthen the middle class. that's how you keep moving forward. that's the choice in this election. and that's why i'm running for a second term. that
governor romney's pledge of not reducing the deficit or not adding to the deficit is by burdening middle class families, the average middle class family with children would pay $2,000 more. >> others have estimated the total value of the tax cuts would be some $5 trillion over ten years. governor romney says he will keep it deficit neutral and pledges there is one thing he won't do no matter what. >> i will not under any circumstances, raise taxes on middle income families. i will lower taxes on middle income families. now, you kite a study. there is six other studies that looked at the study you described and say it's completely wrong. >> the president based his assertion about a $2,000 tax increase on a study by the tax policy center which had exempted some tax deductions from any cuts in its analysis. then it concluded the plan could only be deficit neutral with a tax hike on the middle class and obama ads are hammering away. >> why won't obama level with us about the tax plans. >> the tax policy center, however, later changed its assessment. it said if romney put all deductions on th
the deficit in half, we still have trillion dollars deficits, a we will be have a trillion-dollar deficit each of the four years if you are reelected we will get to a $20 trillion debt. >> rose: it will be seen if romney can keep up the momentum. we begin this evening with analysis of chris matthews of msnbc, welcome. >> thank you, charlie. >> rose: as you watched the debate last night, what was your reaction to what you were seeing, b, why do you think it was that way, and, c, where are we going from here? >> well, i think governor romney knew it would be a wide open format and he came in to take charge. he was a commanding presence and i feel for the president because i don't think anyone has ever had to go up against a person who just sort of took the stage as if it didn't need anyone on the stage, including the monitor and once that began, i don't know whether he could change that environment what i was frustrated is failure to use the synapse to pop out and sitting here talking you and ji jim lehr about the pbs funding which is okay and cute and fun to talk about, how about the auto indus
, i don't think it is the core issue, is the deficit. if when they bailed-- saved the bank, they didn't have to save the bankers. they didn't have to save the creditors to the bank. >> rose: meaning they could have saved the bank and made a condition of the rescue that the executives who were in charge of the banks had to be replaced. >> exactly. u.k. did that. and they could have said no bonuses, if we give you money, you can't put out the money in bonuses. they could have told-- these banks were basically bankrupt is so the normal bankruptcy, shareholders lose everything. now the shareholders have a lot. so all that money that went to the bondholders and to the shareholder kos have gone to the u.s. taxpayers. and we would be the much better financial shape now. so in a sense, they could have also demanded as a condition of giving money no more abusive credit card practise t no more discriminatory lending, no more predatory lending. banks go back to lending in the way that they're supposed to. small, medium size enterprises. >> were those kinds of reforms in your judgement enacted by
. >> the governor aides say -- the obama camp will focus on the economy, taxes and the deficit and will hit romney hard on the idea that bill clinton has been making and made at the democratic national convention in charlotte, north carolina, it does not add up when you look at the romney campaign. >> he will say he will cut the deficit. please! he wants $2 trillion in new defense spending that the pentagon did not ask for and he will not saw how he will pay for the tax cut for the wealthy. >>reporter: president obama said he would cut the deficit in half this four years. that has not happened. he is vulnerable on a lot of the key issues. that will be a big part of this face off tonight. >>shepard: thank you, ed henry. as governor romney finishes the debate preparations in the city they are hitting his opponent over the comments from vice president biden. the romney camp calling the remarks about the middle class a stunning admission much he is a spokesman early here on fox news. >> we cannot afford four more years like the last four years we have seen under this president. his own vice president
these deficits. [laughter] and yet, that's the most important single issue of our time. i did support the '76 measure that he told about, because we were in a deep recession and we needed some stimulation. but i will say as a democrat, i was a real piker, mr. president. in 1979 we ran a $29 billion deficit all year. this administration seems to run that every morning. and the result is exactly what we see. this economy is starting to run downhill. housing is off. last report on new purchases, it's the lowest since 1982. growth is a little over 3% now. many people are predicting a recession. and the flow of imports into this country is swamping the american people. we've got to deal with this problem, and those of us who want to be your president should tell you now what we're going to do, so you can make a judgment. >> thank you very much. we must stop now. i want to give you time for your closing statements. it's indeed time for that from each of you. we will begin with president reagan. oh, i'm sorry, mr. reagan, you had your rebuttal, and i just cut you off because our time is going. you h
promise to get our spending under control by cutting the deficit in half. he was so confident that shortly after taking office president obama said he would fix the economy in three years or face a one-term proposition. today he has broken the promises. his words have no credibility. host: that was the republican weekly address. ralph from the main joins us on the independent line. caller: i was born in 1950, 61 years old. i have gone through all kinds of things. my dad was in the service -- i have had two fathers. i am taking care of my mother now who is just getting one cut back after another through social security. medical benefits. i am not happy. i know what is going on. in the last five years i have taking care of her 24-7. i have had time to educate myself on what it is. until we understand who the enemy is, nothing will change and their plans will continue. there are manufacturing a war because global international banks and their lackeys have bankrupted the world. derivatives are nothing more than leverage. you have a situation where if you look and research it, the city of londo
either raising the deficit or burdening the middle class. it is math. >> mitt romney challenged obama's assertion that his tax plan would cost the country $five trillion in revenue, the knowledge to cut spending on government programs will drastically increasing funding for the military. in a jab that quickly exploded on twitter car romney told moderator jim lehrer he would cut funds to employer pbs, despite his love for certain sesame street character. >> i am sorry, jim, i'm going to stop the subsidy to pbs. i love big bird. i like you, too, but i am not one keep spending money on things to borrow money from china to pay for. >> we will expand the debate with third-party candidates after the headlines. turkey has launched strikes inside syria after a bomb fired from syrian territory killed five turkish civilians. the victims were a family of five and a village near the syrian border. the turkish deputy prime minister said his government had every right to respond with force. >> there has been in attack and citizens have lost their lives. there is definite response to international l
questions about his negotiations with the republicans on the financial and debt and deficit issues. and he was tuned in. he answered, he gave his side. he gave his defense. the obama -- the other night in this debate -- it was almost like there were two channels going in his mind, one on the debate and answering in the way he did, which just didn't fit together. and then when he was looking down, it's almost like something else was deeply worrying him. now, i don't know that. the point is, you know, why would he be so out of it in clearly one of the most important political moments of his life? >> sean: it is a really good question. i think -- i think he was shocked because mitt romney looked him dead in the eye, was very deep in the facts. i mean, it was just the opposites of john mccain, in the mccain debate, obama was looking mccain in the eye and mccain looking down or out at the crowd. very different in terms of the body language. on substance, romney was very knowledgeable, across the board, every question and was willing to take the president on. i don't think he is used to that? >>
Search Results 0 to 49 of about 179 (some duplicates have been removed)